Franchise Opportunities UK – Need and type of Franchise

Franchise Opportunities is small business of sell. This is a combination of two words. A Franchise is a method of marketing and relationship between two parties’ franchisee (the owner and granter of right) and franchisee (recipient of right) with agreement (five to twenty years).The right granted is for the purpose of running the business by using the trademark within a specified period of time. Each franchise business has been authorized by a franchiser. There are many types of franchise, today popular franchise are Pizza Hut, McDonald’s, Arena Animation, NIIT and franchises  business are  education, cleaning and maintenance, health and fitness ,financial services, real state etc.

Franchise usually last for a fixed time period and serves a specific area within a specified period of time. A franchise is temporary business investment; this is not for purpose of ownership. One franchise may manage several such locations. Franchise agreements carry no guarantees .Franchiser must develop a marketing plan or business plan for a specified area. Franchiser thinks news ideas for developing business in own areas.

Today people dreaming for own business, but not possible for everybody. Franchise is one of the popular method by which we can true our dream and achieve our goals. Franchise fixed for particular area. Franchising right to use a well–branded name and sell a franchiser’s services or products.

There are three types of franchising.
1)    Product/Trade name franchising: A franchiser right to the trademark and sell right to the franchisee.
2)    Business format franchising: Franchisers provide full services, like product supply and marketing plan.
3)    Distributorships: Franchise grants the right to franchisee to sell their products.

All and all if you want to start your own business, then you can purchase franchise, but it is important that you understand exactly how franchising work? What is the process of fees?